New Zealand's consumer confidence eased in September as consumers remain cautious about spending money.

The ANZ-Roy Morgan Consumer Confidence measure eased to 111.9 points in September from 114.1 in August. The current conditions index rose 2 points to 112, while the future conditions index fell 2 points to 112.

Consumers still feel financially worse off than a year ago, with sentiment slipping 3 points to minus 5, while pessimistic perceptions towards the general economy were unchanged on minus 6. Sentiment towards the economy five years from now rose 7 points to 23.

It is still seen as a good time to buy a big ticket item, with the net balance largely unchanged on 31 points.

ANZ chief economist Cameron Bagrie said consumers are reluctant to spend even as house prices continue to rise, interest rates remain low and labour income growth is solid.

"A listless trend in consumer confidence is not a bad thing. It suggests a continued focus on balance sheet repair and a lift in the savings rate," Bagrie said. "These are precursors of a more sustained upturn - eventually."

"While the lift in house prices continues to receive attention, is has not been accompanied by a marked rise in credit - Indeed credit growth continues to track below income growth as people 'deleverage' and strike a half-way house between spending and saving," he said.

The survey comes after New Zealand's Reserve Bank left its official cash rate unchanged at 2.5 percent yesterday, while delaying its forecast increase in the 90-day bank bill rate, seen as a proxy for the benchmark interest rate, until 2014.